UT basketball: Barnes gets raise

UT’s board of regents on Wednesday approved an annual increase of $200,000 for Barnes, raising his guaranteed yearly compensation to $2.4 million and keeping him among the nation’s 10 highest-paid coaches. Barnes’ base salary is $1 million, but he also receives money from media obligations and a Nike shoe contract.

According to a recent report by USA Today, seven men’s basketball coaches earn more than $2.4 million per year. Duke’s Mike Krzyzewski is the national leader at $4.2 million, while Kansas’ Bill Self leads the Big 12 at $3.6 million.

Barnes, the winningest coach in UT history, has led the Longhorns to 13 consecutive NCAA tournaments and five trips to the Sweet 16. But the Longhorns haven’t made it that far in the postseason since 2008. In each of the last three seasons, UT has been eliminated during the tournament’s first week.